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Full text of "Extra census bulletin"

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Extra Census Bulletin. 

No. 90. WASHINGTON, D. C. October 5, 1894. 



STATISTICS OF FARMS, HOMES, AND MORTGAGES. 

OWNERSHIP AND DEBT IN NORTH CAROLINA. 



DEPARTMENT OF THE INTERIOR, 

Census Office, 
Washington, D. C, September 21, 1894. 
Sib: 

The leading results of the investigation of farm and home proprietorship in North Carolina for 1890, conducted 
by Special Agents George K. Holmes and John S. Lord, are contained in this bulletin. In regard to farms, the 
conclusion is that 41.72 per cent of the farm families hire and 58.28 per cent own the farms cultivated by them; 
that 4.88 per cent of the farm owning families own subject to incumbrance and 95.12 per cent own free of incumbrance. 
Among 100 farm families, 42 hire their farms, 3 own with incumbrance, and 55 without incumbrance. On the 
owned farms there are liens amounting to $3,757,577, which is 45.59 per cent of their value, and this debt bears 
interest at the average rate of 7.95 per cent, making the average annual interest charge $57 to each family. Each 
owned and incumbered farm, on the average, is worth $1,584, and is subject to a debt of $722. 

The corresponding facts for homes are that 74.23 per cent of the home families hire and 25.77 per cent own 
their homes ; that of the home owning families 95.10 per cent own free of incumbrance and 4.90 per cent with 
incumbrance. In 100 home families, on the average, 74 hire their homes, 1 owns with incumbrance, and 25 without 
incumbrance. The debt on owned homes aggregates $1,354,530, or 48.15 per cent of their value, and bears interest 
at the average rate of 7.80 percent, so that the annual amount of interest to each home averages $67. An average 
debt of $864 incumbers each home, which has the average value of $1,795. 

There are 5 cities in the state in the class of those having a population of 8,000 to 100,000, and in these cities 
73.70 per cent of the home families hire and 26.30 per cent own their homes, and of the home owning families 6.30 
per cent own with incumbrance and 93.70 percent own free of incumbrance. In 100 home families, on the average, 
are found 74 that hire their homes, 2 that own with incumbrance, and 24 that own without incumbrance. The 
liens on the owned homes are 46.82 per cent of the value of those subject to lien. Several averages show that the 
rate of interest is 7.94 per cent ; value of each owned and incumbered home, $2,424 ; lien on the same, $1,135, and 
yearly interest charge on each home, $90. 

Real estate purchase and improvements, when not associated with other objects, caused 52.31 per cent of the 
farm families to incur 49.39 per cent of the farm debt and 61.14 per cent of the home families to incur 51.40 per 
cent of the home debt. 

Very respectful]}-, 

CARROLL D. WRIGHT, 

Commissioner of Labor in charge. 

The Secretary of the Interior. 
c. o. p — lm 



FARMS, HOMES, AND MORTGAGES. 



Table 1.— NUMBER AND PERCENTAGE OF FAMILIES OCCUPYING OWNED AND HIRED AND FREE AND INCUMBERED 

FARMS AND HOMES: 1890. 



CIVIL DIVISIONS. 


Aggregate. 


FA 


1ILIESOWNI 


NG. 


Families 
hiring. 


PERCENTAGE OF 

FAMILIES OWNING 

AND HIRING. 


PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 
OWNING FA3IILTES. 


PERCENTAGE OF 
FAMILIES OWNING 
FREE AND INCUM- 
BERED OF TOTAL 
OWNING AND HIRING 
FAMILIES. 




Total. 


Free. 


bered. 


Owning. 


Hiring. 


Free. 


Incum- 
bered. 


Free. 


Incum- 
bered. 


The State 


306,952 

182,791 
124,161 


138,515 


131,746 


6,769 


168,437 


45.13 


54.87 


95.11 


4.89 


42.92 


2.21 




105,523 
31,992 


101,321 
30,425 


5,202 
1,567 


76,268 
92,169 


58.28 


41.72 
74.23 


95.12 
95.10 


4.88 
4.90 


55.43 
24.51 


















12,311 

1,778 
2,103 
2,239 
4,487 
1,404 


3,238 

434 
637 
489 
1,375 
303 


3,034 


204 


9,073 


26.30 


73.70 


93.70 


6.30 


24.61 










390 
586 
437 
1,328 
293 


44 
51 
52 
47 
10 


1,314 
1,766 
1,750 
3,112 
1,101 


24.41 
26.51 
21.84 
30.64 
21.58 


75.59 
73.49 
78.16 
69.36 
78.42 


89.86 
91.99 
89.37 
96.58 
96.70 


10.14 
8.01 

10.63 
3.42 
3.30 


21.94 
24.39 
19.52 
29.59 
20.87 


























111,850 


28,754 


27,391 


1,363 


83,096 


25.71 


74.29 


95.26 


4.74 


21.49 









Table 2.— VALUE OF FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED AND AMOUNT AND PERCENTAGE 

OF INCUMBRANCE THEREON: 1890. 



CIVIL DIVISIONS. 


Number 
of families 

owning | Value. 

with in- 
cumbrance. 


Incum- 
brance. 


Percent- 
age of 
incum- 
brance of 
value. 


The State 


6,769 


811,055,855 


$5,112,107 


46.24 


5,202 
1,567 


8,212,485 
2,813,370 


3,757,577 
1,354,530 


45.59 
48.15 










231,526 


46.82 






44 155,066 

51 96,875 

52 \ 153,474 
47 55,340 
10 33,700 


73,677 1 47.51 
36,652 j 37.83 
81,876 53.35 
30,221 54.61 
9,100 27.00 























OWNERSHIP AND DEBT IN NORTH CAROLINA. 3 

Table 3.— AMOUNT OF ANNUAL INTEREST CHARGE AND AVERAGE VALUE, INCUMBRANCE, ANNUAL INTEREST 
CHARGE, AND ANNUAL RATE OF INTEREST FOR FARMS AND HOMES OCCUPIED BY OWNERS AND INCUMBERED : 
1890. 



The State 

For farms 

For homes 

Five cities (for homes). . 

Asheville 

Charlotte 

Raleigh 

Wilmington 

Winston 

Rest of state (for homes) 



bered farm 
or home. 



1,177 
3.370 



brance on 
each farm 
or home. 



interest 
charge. 



298,706 
105,706 



1,674 

719 

1,575 



6,476 
2,354 



annual 
interest 
charge on 
each farm 
or home. 



Average 
annual 
rate of 

interest. 



Table 4.— PERCENTAGE OF FAMILIES OCCUPYING OWNED AND INCUMBERED FARMS AND HOMES AND OF AMOUNT 
OF INCUMBRANCE THEREON, BY RATES OF INTEREST: 1890. 



THE STATE. 



FOR HOMES IN 
3ITIES OF S.000 TO 
100,000 PEOPLE. 



RATES OF INTEREST. 



For 
amount. 



For 
umber 



For 
amount. 



Under 6 per cent 

6 per cent 

7 per cent 

8 per cent 

6 to 8 per cent, inclus 

Over 6 per cent 

Over8 per cent 

Over 10 per cent 

Over 12 per cent 



96.12 
99.39 
96.61 



0.11 
2.30 
0.28 
96.49 
99.62 
97.59 



0.51 
3.70 
0.19 
95.53 
99,42 
95.79 
0.07 
0.07 



0.15 
91.66 
99.29 

91.85 
0.04 
0.04 



0.49 
2.94 

96.57 
99.51 
96.57 



97.28 
99.91 
97.28 



BOSTON PUBLIC LIBRARY 



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